Indong Tea Company IPO vs Shera Energy IPO

Comparision between Indong Tea Company IPO and Shera Energy IPO.

IPO Details

Indong Tea Company IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Shera Energy IPO is a SME Book Built Issue proposed to list at NSE SME.

	Indong Tea Company IPO	Shera Energy IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Finshore Management Services Limited	Holani Consultants Private Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Holani Consultants Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Indong Tea Company IPO is up to ₹13.01 Cr whereas the issue size of the Shera Energy IPO is up to ₹35.20 Cr. The final issue price of Indong Tea Company IPO is ₹26.00 per share and of Shera Energy IPO is ₹57.00 per share.

	Indong Tea Company IPO	Shera Energy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹55.00 per share
Issue Price (Upper)		₹57.00 per share
Issue Price (Final)	₹26.00 per share	₹57.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	50,04,000 shares	10,48,000 shares
Fresh Issue Size (Amount)	up to ₹13.01 Cr	up to ₹5.97 Cr
OFS Issue Size		51,28,000 shares
OFS Issue Size (Amount)		up to ₹29.23 Cr
Issue Size Total	50,04,000 shares	61,76,000 shares
Issue Size Total (Amount)	up to ₹13.01 Cr	up to ₹35.20 Cr

IPO Timetable

Indong Tea Company IPO opens on Feb 09, 2023, while Shera Energy IPO opens on Feb 07, 2023. The closing date of Indong Tea Company IPO and Shera Energy IPO is Feb 13, 2023, and Feb 09, 2023, respectively.

	Indong Tea Company IPO	Shera Energy IPO
Anchor Bid Date		Feb 06, 2023
Issue Open	Feb 09, 2023	Feb 07, 2023
Issue Close	Feb 13, 2023	Feb 09, 2023
Basis Of Allotment (Tentative)	Feb 16, 2023	Feb 14, 2023
Initiation of Refunds (Tentative)	Feb 17, 2023	Feb 15, 2023
Credit of Share (Tentative)	Feb 20, 2023	Feb 16, 2023
Listing date (Tentative)	Feb 21, 2023	Feb 17, 2023
Anchor Lockin End date 1	Mar 18, 2023	Mar 16, 2023
Anchor Lockin End date 2	May 17, 2023	May 15, 2023

Financials

Indong Tea Company IPO P/E ratio is 9.52, as compared to Shera Energy IPO P/E ratio of 15.16.

Indong Tea Company IPO

Shera Energy IPO

Financial

Indong Tea Company Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,136.26	1,672.64	-121.29	-421.85	1,174.94	2,097.43
31-Mar-21	4,059.79	2,313.00	127.56	-294.30	1,302.49	1,841.74
31-Mar-22	4,324.96	1,992.97	131.62	863.68	1,971.48	960.09
30-Sep-22	4,689.74	1,324.22	204.61	1,068.29	2,176.09	1,047.42
Amount in ₹ Lakhs

Shera Energy Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	27,731.94	42,619.14	361.43	5,624.34	11,062.67
31-Mar-21	29,315.64	42,271.92	502.67	6,075.60	10,542.28
31-Mar-22	32,523.73	52,458.21	699.50	6,673.35	11,812.67
30-Sep-22	33,832.97	33,953.72	428.25	7,054.88	11,437.59
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.09%

66.57%

Promoter Shareholding (Post-Issue)

64.03%

63.51%

P/E Ratio

9.52

15.16

Market Cap

₹39.00 Cr.

₹129.89 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Indong Tea Company IPO retail investors (RII) are offered 23,76,000 shares while in Shera Energy IPO retail investors are offered 23,76,000 shares. Qualified institutional buyers (QIB) are offered in Indong Tea Company IPO and 25,06,000 shares in Shera Energy IPO.

	Indong Tea Company IPO	Shera Energy IPO
Anchor Investor Reserveration		15,00,000 shares
Market Maker Reserveration	2,52,000 shares	4,00,000 shares
QIB		25,06,000 shares
NII	23,76,000 shares	8,20,000 shares
RII	23,76,000 shares	18,50,000 shares
Employee		6,00,000 shares
Others
Total	47,52,000 shares	57,76,000 shares

Bids Received (Subscription)

Indong Tea Company IPO subscribed 4.97x in total, whereas Shera Energy IPO subscribed 47.36x.

	Indong Tea Company IPO	Shera Energy IPO
QIB (times)		8.73x
NII (times)	2.17x	190.12x
Big NII (times)
Small NII (times)
RII (times)	7.76x	51.30x
Employee (times)		1.46x
Other (times)
Total (times)	4.97x	47.36x

Compare with others

Indong Tea Company IPO	Shera Energy IPO
Macfos IPO	Viaz Tyres IPO
ITCONS E-Solutions IPO	Patron Exim IPO
Viaz Tyres IPO	Lead Reclaim and Rubber Products IPO
Patron Exim IPO	Indong Tea Company IPO
Lead Reclaim and Rubber Products IPO	Agarwal Float Glass India IPO
Agarwal Float Glass India IPO	Gayatri Rubbers and Chemicals IPO
Shera Energy IPO	Earthstahl & Alloys IPO
Gayatri Rubbers and Chemicals IPO	Transvoy Logistics India IPO
Earthstahl & Alloys IPO	DHARNI Capital Services IPO
Transvoy Logistics India IPO	Aristo Bio-Tech and Lifescience IPO

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